Hong Kong — Budweiser APAC will not rely on merger and acquisition (M&A) deals to expand after the Asia-Pacific business of beer giant Anheuser-Busch InBev (AB InBev) lists in Hong Kong, the CEO of the Asian business said on Thursday.

Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, began talking to investors this week about what will be the world’s largest initial public offering (IPO) in 2019.

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